GLK Recycling: what changed
What changed
GLK Recycling
NACE 37.000, Sewerage
filed annual accounts (NBB)
Net result for the year
€325,768
31-12-2024 · €104,258+€221,510
Equity
€532,693
31-12-2024 · €406,925+€125,768
Cash
€299,077
31-12-2024 · €277,217+€21,860
Balance sheet total
€1.5m
31-12-2024 · €1.4m+€129,157
Largest movements
Assets
- Current investments +€200,000
new in 2025: €200,000
- Tangible fixed assets -€84,950
down €84,950 (-13.3%), from €640,322 to €555,373
of which Plant, machinery and equipment: -€47,418
- Cash +€21,860
up €21,860 (+7.9%), from €277,217 to €299,077
mainly Net result for the year (+€325,768) and Other debts (+€107,915)
Equity and liabilities
- Reserves +€125,768
up €125,768 (+35.2%), from €356,925 to €482,693
of which Distributable reserves: +€125,768
- Other debts +€107,915
up €107,915 (+111%), from €97,199 to €205,114
- Debts after one year -€97,499
down €97,499 (-27.3%), from €357,393 to €259,894
- Tax, wage and social debts +€53,395
up €53,395 (+240%), from €22,279 to €75,675
of which Taxes: +€45,064
- Trade debts -€39,281
down €39,281 (-11.1%), from €353,592 to €314,311
Income statement
- Gross operating margin +€429,609
up €429,609 (+108%), from €397,029 to €826,639
- Taxes +€90,720
up €90,720 (+410%), from €22,115 to €112,834
- Staff costs +€69,743
up €69,743 (+30.6%), from €227,809 to €297,552
- Provisions +€37,970
up €37,970 (+58.2%), from -€65,270 to -€27,300
- Write-downs -€37,830
no longer reported in 2025 (was €37,830)
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 31-12-2024
€104,258
Gross operating margin
+€429,609
Staff costs
-€69,743
Depreciation
-€37,360
Write-downs
+€37,830
Provisions
-€37,970
Other operating charges
+€4,357
Other operating items
+€708
Financial income
-€10,607
Financial charges
-€4,595
Taxes
-€90,720
Result 31-12-2025
€325,768
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€519,869
Investment
-€206,668
Financing
-€291,341
Cash 31-12-2024
€277,217
From operations (derived)
+€519,869
Net result for the year
+€325,768
Depreciation
+€91,618
Receivables within one year
+€5,958
Deferred charges and accrued income
+€1,795
Provisions
-€27,300
Trade debts
-€39,281
Tax, wage and social debts
+€53,395
Other debts
+€107,915
Investment (derived)
-€206,668
Investment in fixed assets (net)
-€6,668
Current investments
-€200,000
Financing
-€291,341
Debts after one year
-€97,499
Current portion of long-term debt
+€6,158
Contributions, distributions and other
-€200,000
Cash 31-12-2025
€299,077
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,356,029 | €1,485,186 | +€129,157 | +9.5% |
| Fixed assets | 21/28 | €640,322 | €555,373 | -€84,950 | -13.3% |
| Tangible fixed assets | 22/27 | €640,322 | €555,373 | -€84,950 | -13.3% |
| Plant, machinery and equipment | 23 | €464,009 | €416,591 | -€47,418 | -10.2% |
| Furniture and vehicles | 24 | €45,841 | €35,074 | -€10,767 | -23.5% |
| Other tangible fixed assets | 26 | €130,472 | €103,708 | -€26,764 | -20.5% |
| Current assets | 29/58 | €715,707 | €929,813 | +€214,106 | +29.9% |
| Amounts receivable within one year | 40/41 | €422,577 | €416,619 | -€5,958 | -1.4% |
| Trade receivables | 40 | €371,134 | €413,263 | +€42,128 | +11.4% |
| Other amounts receivable | 41 | €51,443 | €3,356 | -€48,087 | -93.5% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €277,217 | €299,077 | +€21,860 | +7.9% |
| Deferred charges and accrued income | 490/1 | €15,913 | €14,118 | -€1,795 | -11.3% |
| Total equity and liabilities | 10/49 | €1,356,029 | €1,485,186 | +€129,157 | +9.5% |
| Equity | 10/15 | €406,925 | €532,693 | +€125,768 | +30.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €356,925 | €482,693 | +€125,768 | +35.2% |
| Tax-exempt reserves | 132 | €322 | €322 | = | 0.0% |
| Distributable reserves | 133 | €356,603 | €482,371 | +€125,768 | +35.3% |
| Provisions and deferred taxes | 16 | €27,300 | - | -€27,300 | |
| Provisions for liabilities and charges | 160/5 | €27,300 | - | -€27,300 | |
| Environmental obligations | 163 | €27,300 | - | -€27,300 | |
| Amounts payable | 17/49 | €921,804 | €952,493 | +€30,689 | +3.3% |
| Amounts payable after more than one year | 17 | €357,393 | €259,894 | -€97,499 | -27.3% |
| Financial debts | 170/4 | €357,393 | €259,894 | -€97,499 | -27.3% |
| Amounts payable within one year | 42/48 | €564,411 | €692,599 | +€128,188 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €91,341 | €97,499 | +€6,158 | +6.7% |
| Trade debts | 44 | €353,592 | €314,311 | -€39,281 | -11.1% |
| Suppliers | 440/4 | €353,592 | €314,311 | -€39,281 | -11.1% |
| Taxes, remuneration and social security | 45 | €22,279 | €75,675 | +€53,395 | +240% |
| Taxes | 450/3 | €5,095 | €50,159 | +€45,064 | +884% |
| Remuneration and social security | 454/9 | €17,184 | €25,516 | +€8,332 | +48.5% |
| Other amounts payable | 47/48 | €97,199 | €205,114 | +€107,915 | +111% |
| Remuneration, social security and pensions | 62 | €227,809 | €297,552 | +€69,743 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,258 | €91,618 | +€37,360 | +68.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,830 | - | -€37,830 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€65,270 | -€27,300 | +€37,970 | +58.2% |
| Other operating charges | 640/8 | €19,749 | €15,393 | -€4,357 | -22.1% |
| Non-recurring operating charges | 66A | €708 | - | -€708 | |
| Gross operating margin | 9900 | €397,029 | €826,639 | +€429,609 | +108% |
| Operating profit (loss) | 9901 | €121,945 | €449,377 | +€327,431 | +269% |
| Financial income | 75/76B | €14,040 | €3,433 | -€10,607 | -75.5% |
| Recurring financial income | 75 | €14,040 | €3,433 | -€10,607 | -75.5% |
| Financial charges | 65/66B | €9,613 | €14,208 | +€4,595 | +47.8% |
| Recurring financial charges | 65 | €7,888 | €14,208 | +€6,320 | +80.1% |
| Non-recurring financial charges | 66B | €1,725 | - | -€1,725 | |
| Profit (loss) for the period before taxes | 9903 | €126,372 | €438,602 | +€312,230 | +247% |
| Income taxes | 67/77 | €22,115 | €112,834 | +€90,720 | +410% |
| Profit (loss) for the period | 9904 | €104,258 | €325,768 | +€221,510 | +212% |
| Profit (loss) for the period to be appropriated | 9905 | €104,258 | €325,768 | +€221,510 | +212% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.